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Latch's average Accounts Payable for the
three
months ended in Mar. 2022 was $5.99 Mil. Latch's Cost of Goods Sold for the
three
months ended in Mar. 2022 was $13.03 Mil.
Hence, Latch's Days Payable for the
three
months ended in Mar. 2022 was 41.96.
The historical rank and industry rank for Latch's Days Payable or its related term are showing as below:
LTCH's Days Payable is not ranked *
in the Software industry.
Industry Median: 52.45 * Ranked among companies with meaningful Days Payable only.
Latch's Days Payable
declined
from Mar. 2021 (55.27) to Mar. 2022 (41.96).
It may suggest that Latchaccelerated paying its suppliers.
The historical data trend for Latch's Days Payable can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Software - Application subindustry, Latch's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Latch Days Payable vs Software Industry
For the Software industry and Technology sector, Latch's Days Payable distribution charts can be found below:
* The bar in red indicates where Latch's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
Latch's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Latch (LTCH) has a Days Payable of 41.96 as of Mar. 2022. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Latch and its competitors.
Is Latch's Days Payable too high?
Latch's current Days Payable is 41.96. The Software industry median Days Payable is 52.45. Latch's value of 41.96 is 20% below this industry median. Overall, Latch has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Latch's Days Payable compare to AVYA and BNFT?
Latch's Days Payable of 41.96 can be compared against companies in the Software industry. The industry median Days Payable is 52.45. Latch's value of 41.96 is 20% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Software company?
The median Days Payable among Software companies is 52.45, based on 2,609 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Latch's current Days Payable of 41.96 is 20% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Latch and its competitors. For the Software industry, the median Days Payable is 52.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Latch's current Days Payable is 41.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Latch stock overvalued right now?
Latch (LTCH) has a current Days Payable of 41.96. The current Days Payable is 41.96 and 20% below the Software industry median of 52.45. Latch's overall GF Score™ is 19/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Latch (LTCH), the current Days Payable is 41.96 as of Mar. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Latch Inc is a technology company delivering an integrated ecosystem of hardware, software and services designed to enhance operations and experiences within buildings, serving the multifamily rental market. Its core offering is built around a proprietary, cloud-based software-as-a-service (SaaS) platform (the DOOR Platform) that powers and manages the suite of smart access control devices (including locks, readers and intercoms) and smart home devices and integrates with other connected devices within a building. The company generates the majority of revenue revenue through the license of its SaaS over the cloud-based platform on a subscription-based arrangement. Geographically, the company operates in single segment being USA.
19GF Score
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